Scotiabank Issues Negative Outlook for Gold Fields Earnings

Gold Fields Limited (NYSE:GFI) – Research analysts at Scotiabank decreased their FY2026 EPS estimates for shares of Gold Fields in a research note issued on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings of $1.42 per share for the year, down from their prior estimate of $1.43. Scotiabank currently has a “Sector Perform” rating and a $20.00 price target on the stock. The consensus estimate for Gold Fields’ current full-year earnings is $1.97 per share.

GFI has been the subject of several other research reports. StockNews.com cut Gold Fields from a “strong-buy” rating to a “buy” rating in a research report on Saturday. JPMorgan Chase & Co. upped their price target on Gold Fields from $17.10 to $18.80 and gave the stock a “neutral” rating in a research note on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Gold Fields currently has an average rating of “Hold” and a consensus target price of $17.20.

Gold Fields Stock Down 1.4 %

NYSE:GFI opened at $21.56 on Friday. The business’s 50-day simple moving average is $18.38 and its two-hundred day simple moving average is $16.16. Gold Fields has a 52 week low of $12.98 and a 52 week high of $22.18. The stock has a market cap of $19.30 billion, a PE ratio of 9.17, a P/E/G ratio of 0.30 and a beta of 1.14.

Gold Fields Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be given a $0.3752 dividend. This is an increase from Gold Fields’s previous semi-annual dividend of $0.17. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, March 14th. Gold Fields’s payout ratio is currently 25.53%.

Hedge Funds Weigh In On Gold Fields

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GFI. HighTower Advisors LLC increased its stake in Gold Fields by 0.5% in the 4th quarter. HighTower Advisors LLC now owns 105,174 shares of the company’s stock worth $1,388,000 after acquiring an additional 573 shares during the last quarter. Rhumbline Advisers increased its position in Gold Fields by 4.3% in the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock worth $229,000 after purchasing an additional 720 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in Gold Fields by 3.4% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 48,365 shares of the company’s stock valued at $638,000 after purchasing an additional 1,583 shares in the last quarter. Signaturefd LLC lifted its position in Gold Fields by 19.1% during the fourth quarter. Signaturefd LLC now owns 10,304 shares of the company’s stock valued at $136,000 after purchasing an additional 1,656 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of Gold Fields by 18.9% in the 4th quarter. US Bancorp DE now owns 11,484 shares of the company’s stock worth $152,000 after buying an additional 1,829 shares in the last quarter. 24.81% of the stock is owned by institutional investors.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.